LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital Group Dividend Value ETF
CGDV
|
+$486M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$472M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$468M |
| 4 |
THRO
iShares U.S. Thematic Rotation Active ETF
THRO
|
+$457M |
| 5 |
iShares Core International Aggregate Bond Fund
IAGG
|
+$358M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$728M |
| 2 |
iShares MSCI Emerging Markets ex China ETF
EMXC
|
+$336M |
| 3 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$93.5M |
| 4 |
Invesco Preferred ETF
PGX
|
+$91.8M |
| 5 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$82.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.48% |
| 2 | Financials | 3.73% |
| 3 | Consumer Discretionary | 2.77% |
| 4 | Communication Services | 2.41% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3626
Cambria Tail Risk ETF
TAIL
$147M
| $1.14M | ﹤0.01% |
95,365
-14,017
| -13% | -$174K |
|
3627
Global X Emerging Markets Great Consumer ETF
EMC
$55M
| $1.14M | ﹤0.01% |
38,987
+6,957
| +22% | +$189K |
|
3628
Zacks Small/Mid Cap ETF
SMIZ
$271M
| $1.14M | ﹤0.01% |
33,724
-31,090
| -48% | -$979K |
|
3629
KraneShares Bosera MSCI China A 50 Connect Index ETF
KBA
$147M
| $1.14M | ﹤0.01% |
46,958
-4,322
| -8% | -$101K |
|
3630
PUT
Bunge Global
BG
$20.4B
| $1.14M | ﹤0.01% |
+14,200
| New | +$1.12M |
|
3631
Arlo Technologies
ARLO
$1.6B
| $1.14M | ﹤0.01% |
67,198
+2,548
| +4% | +$32.6K |
|
3632
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.68B
| $1.14M | ﹤0.01% |
13,791
+1,779
| +15% | +$136K |
|
|
BSL
3633
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $1.14M | ﹤0.01% |
79,616
+10,032
| +14% | +$141K |
|
|
PARA
3634
DELISTED
Paramount Global Class B
PARA
| $1.14M | ﹤0.01% |
88,134
-81,882
| -48% | -$959K |
|
3635
Microvast
MVST
$269M
| $1.14M | ﹤0.01% |
313,171
+40,616
| +15% | +$119K |
|
3636
Middleby
MIDD
$6.04B
| $1.14M | ﹤0.01% |
7,890
+233
| +3% | +$32.8K |
|
3637
DoubleVerify
DV
$1.73B
| $1.14M | ﹤0.01% |
75,842
-5,656
| -7% | -$77.5K |
|
3638
BioLife Solutions
BLFS
$1.53B
| $1.13M | ﹤0.01% |
52,667
+4,834
| +10% | +$109K |
|
3639
Espey Mfg & Electronics Corp
ESP
$177M
| $1.13M | ﹤0.01% |
+24,769
| New | +$856K |
|
3640
Monarch Casino & Resort
MCRI
$2.2B
| $1.13M | ﹤0.01% |
13,077
+4,877
| +59% | +$393K |
|
|
TPH
3641
DELISTED
Tri Pointe Homes
TPH
| $1.13M | ﹤0.01% |
35,331
+14,183
| +67% | +$435K |
|
3642
Hancock Whitney
HWC
$6.2B
| $1.13M | ﹤0.01% |
19,644
+2,543
| +15% | +$135K |
|
3643
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $1.13M | ﹤0.01% |
46,787
+35,444
| +312% | +$846K |
|
3644
TeraWulf
WULF
$8.75B
| $1.13M | ﹤0.01% |
256,987
+58,315
| +29% | +$199K |
|
3645
Insight Enterprises
NSIT
$3.89B
| $1.12M | ﹤0.01% |
8,135
-754
| -8% | -$102K |
|
3646
Icahn Enterprises
IEP
$5.24B
| $1.12M | ﹤0.01% |
139,498
-10,199
| -7% | -$87.3K |
|
|
LTM
3647
LATAM Airlines Group S.A.
LTM
$15.1B
| $1.12M | ﹤0.01% |
27,603
-2,631
| -9% | -$91.1K |
|
3648
Mizuho Financial
MFG
$127B
| $1.12M | ﹤0.01% |
201,659
+42,889
| +27% | +$223K |
|
3649
FT Vest International Equity Moderate Buffer ETF March
YMAR
$161M
| $1.12M | ﹤0.01% |
43,845
+12,238
| +39% | +$302K |
|
3650
T. Rowe Price Floating Rate ETF
TFLR
$671M
| $1.12M | ﹤0.01% |
21,740
+13,127
| +152% | +$670K |
|
Similar funds
LPL Financial's Q2 2025 Portfolio in Review
As of Q2 2025, LPL Financial held 5,729 positions worth $300B, up 17% from $257B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $20.8B of net new capital in Q2 2025, opening 391 new positions and adding to 3,438 existing holdings. Its largest new stake was JPMorgan Mortgage-Backed Securities ETF: 4,689,747 shares worth $235M.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 7.4% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $728M trimmed.
- LPL Financial's largest Q2 2025 buy was JPMorgan Mortgage-Backed Securities ETF: 4,689,747 shares worth $235M.
- LPL Financial added most to Capital Group Dividend Value ETF in Q2 2025, an estimated $486M increase.
- LPL Financial's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $728M.
- LPL Financial fully exited Discover Financial Services in Q2 2025, selling an estimated $31.5M.
- LPL Financial's ten largest holdings make up 15% of its $300B portfolio in Q2 2025.
- LPL Financial opened 391 new positions and closed 181 in Q2 2025.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $300B.
Based on LPL Financial's 13F filing for Q2 2025, filed 12 Aug 2025.